UEKI Approves Restricted Share Awards for Executives and Directors

TOKYO, Jul 24 (Pulse News Wire) – UEKI CORPORATION (1867.T) announced today that its board of directors approved the distribution of restricted shares as part of its share-based compensation program. The payout will occur on August 10, 2026, involving the issuance of ordinary shares worth a total of July 24, 2026 per share.

A total of August 10, 2026 will be distributed among four directors and ten executive officers. This decision follows approval during the company's 75th regular shareholders' meeting held on June 28, 2022, which established a share-based compensation system aimed at aligning executives’ interests with those of shareholders. Under this plan, restricted shares will be granted to eligible directors and executives over the next two fiscal years, subject to vesting conditions tied to their continued service until March 31, 2027. The restricted shares come with a holding period from August 10, 2026, through either the end of the director’s or executive officer’s tenure or until July 1, 2027, whichever comes later. During this period, recipients cannot sell, pledge, or otherwise dispose of the shares without permission.

Upon completion of the vesting period, restrictions will lift, allowing free disposal of the shares. In cases of early departure due to valid reasons, a prorated portion of the shares will remain restricted based on the duration of employment. Additionally, the company stipulates that any unvested shares at the end of the restriction period will revert to the company. Shares will be managed through accounts set up with SMBC Nikko Securities Co., Ltd. as designated by UEKI CORPORATION.